CITIC holds $225m first close of fourth property fund
CITIC Capital has held a first close on its fourth Chinese real estate vehicle, CITIC Capital China Retail Properties Investment Fund, at $225 million.
The fund, which will invest in the retail sector in second- and third-tier Chinese cities, has a target of $600 million. It has already deployed a small portion of its capital in the ID Mall in Changsha...
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